BusinessWorld
April 28, 2021 | 12:33 am
BW FILE PHOTO
THE Bureau of the Treasury (BTr) is set to raise P170 billion from the domestic debt market in May, as the government seeks to boost liquidity amid the pandemic.
In an advisory, the BTr said the May domestic borrowing plan is the same amount programmed for this month.
The BTr said it would borrow P100 billion during the weekly offering of Treasury bills (T-bills), and another P70 billion via Treasury bonds (T-bonds) to be offered fortnightly.
In a Viber message to reporters, National Treasurer Rosalia V. de Leon said the borrowing program was unchanged to “build liquidity and make the curve more efficient.”
TOTAL BIDS reach P67.488 billion, more than thrice the offering. BW FILE PHOTO
THE government fully awarded Treasury bills (T-bills) on Monday amid lower demands while yields moved sideways ahead of expected beyond-target inflation.
The Bureau of the Treasury awarded P25 billion in T-bills on Monday as programmed. Total bids reached P67.488 billion, more than thrice the offering but lower than the P79.33 billion in demand a week earlier.
It also opened its tap facility to offer P5 billion in one-year T-bills, National Treasurer Rosalia V. de Leon told reporters in a Viber message.
Broken down, tenders for the three-month papers reached P12.65 billion, beyond the P5-billion program but failing to beat the P22.537 billion in bids last week. The average rate for the 91-day debt papers increased by 2.6 basis points (bps) to 1.295% from 1.269% on March 29.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file)
The Bangko Sentral ng Pilipinas’ (BSP) nearly P2 trillion liquidity injection in the pandemic-hit financial system did what it’s supposed to do prop up confidence in the market amid the recession and uncertainty of when COVID-19 will be contained.
Despite the BSP’s aggressive response both conventional and unconventional in the past year, it wasn’t enough and the independent institution’s governor, Benjamin E. Diokno, has said many times that they could not do it alone, that the BSP is not the only game in town, that the economy needed the fiscal backing to complete the monetary stimulus.
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Govât fully awards T-bills as rates inch sideways ahead of BSP meet
December 15, 2020 | 12:03 am
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as yields moved sideways ahead of the central bankâs latest policy meeting.
The Bureau of the Treasury (BTr) raised the programmed P20 billion via the T-bills on Monday as bids reached P76 billion or nearly four times as much as the offered amount.
Broken down, the BTr borrowed P5 billion as planned via the 91-day debt papers from P16.218 billion in tenders. The average rate of three-month T-bills edged up by 0.7 basis point (bp) to 1.022% from the 1.015% fetched in last weekâs auction.